Animoca Brands founder Yat Siu announced a two-phase reward plan for the MOCA token. This was part of the Christmas holiday celebrations. Although Siu's post in July did not reach 2,000 retweets, he made a point to celebrate the successful launch of the Moca Network. The announcement sparked excitement in the Web3 community, causing the MOCA price to surge 15% as the token continued its impressive monthly growth.
Animoca founder launches MOCA rewards during Christmas holidays
On December 23, the founder of Animoca announced that he would give away free MOCA tokens to reward early post participants and the wider Moca community. According to the announcement, the free giveaway will be carried out in two phases, with the first phase giving priority to those who interacted with his initial post. For the second phase, Yat Siu invited the community to come up with suggestions for creative participation activities.
This move reflects Siu's commitment to building a decentralized and interconnected Web3 future through the Moca network. Supported by Animoca, the network enables users to control their digital identities, monetize data, and enjoy seamless cross-platform interactions. Moreover, this announcement has rekindled interest in the project, showcasing its potential to connect Web2 and Web3 ecosystems.
Moca Network gains attention, MOCA surges 15%
Mocaverse is reshaping digital identity with its decentralized solutions. The recent announcement of a free giveaway by the founder of Animoca has reignited interest, causing the token price to rise by 15% in the past 24 hours. After being listed on major exchanges like Binance, Upbit, and Bithumb, the price of MOCA surged by 350% last week.
The current trading price is $0.288, with a market capitalization of $459 million and a 24-hour trading volume of $620 million. As the token gains visibility in the Web3 space, this momentum highlights strong investor confidence.
According to data from SoSo Value, 692,000 MOCA tokens will be unlocked on December 27. Although this proportion is relatively small, token unlocking events often attract market attention and may affect short-term sentiment. With strong growth and key developments, it continues to solidify its position as a leading Web3 asset.
At the same time, the latest upgrade of the network, Moca 3.0, allows users to control their identity, monetize data, and interact seamlessly between Web2 and Web3. As the network builds its interoperable infrastructure, the token is becoming a key driving force for the success of its ecosystem.
